South & Central Asia
MSI: Bulker Spot Market Set for New Year Fall
The dry bulk market, which posted more positive freight rates in October, is set to plummet by January 2018 with the largest drop expected to come from Capesize earnings. According to Maritime Strategies International, iron ore imports to China remain the strongest driving factor despite the downsid
Loaded Container Shipments to Break 200 Mn TEU Mark
Global loaded container traffic is on track to break the 200 million teu threshold this year for the first time ever, shipping consultancy Drewry said citing recent port and trade statistics. “The Drewry Global Container Port Throughput Index shows no sign of slowing down, with the latest reading fo
Gazprom notifies India’s GAIL of imminent LNG deal start
India’s gas utility GAIL has reportedly been notified by the Russian giant Gazprom that deliveries under the 2.5 mtpa LNG deal signed in 2012 are to start in April.
Brokers: SCF Adds Two More LNG-Fueled Aframaxes at Hyundai
Russia’s SCF Group has exercised an option for two 114,000 dwt dual fuel tankers at South Korean shipbulder Hyundai Samho Heavy Industries, according to Asiasis. The Aframax duo features an ice-class IA and is slated for delivery in 2019, based on the report. SCF was not available for comment on the
Jinhui Shipping Bounces Back to Profit
Driven by the recovery in the dry bulk sector, Hong Kong-based shipping company Jinhui Shipping and Transportation Limited managed to return to profit in the third quarter of this year. The company recorded a net income of USD 2.2 million in Q3 2017, compared to a net loss of USD 28.5 million posted
Yang Ming Collects USD 200 Mn from Share Offering
Taiwanese shipping company Yang Ming Marine Transport Corp. (YM) has completed the rights offering of 500 million new shares at NTD 12 per share, cashing in NTD 6 billion (USD 200 million). The company began to float new shares in the public sector in September 2017. Besides the original shareholder
Explosion Kills Two in China’s Port City of Ningbo
Two people were killed and four seriously injured in an explosion in Ningbo, a major port and industrial hub situated in China’s Zhejiang province, on November 26. At least fifteen other people were injured in the blast, the local authorities said in an update today, as two remain missing. Based on
Popular news, November 20 – 26, 2017
Read Offshore Energy Today’s most popular news for the week November 20 – 26, 2017
Readers’ Picks of the Week (November 20-24, 2017)
Readers’ Picks of the Week (November 20-24, 2017)
Top news, November 20 – 26, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from November 20 – 26, 2017.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (November 20-26, 2017). GLDD Takes Delivery of ATB Hopper Dredge Ellis Island Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the new build ATB hopper dredge Ellis Island and tug Douglas B. Mack
Top news of the week November 20-25
Russia’s Yamal LNG project adds two Arc7 carriers as first shipment nears The Novatek-operated Yamal LNG export project in Russian Arctic has taken delivery of two Arc7 ice-class liquefied natural gas carriers. Interview: European regas capacity remains underused, but small-scale LNG on the rise Eur